Some Asia economies may need rapid rate hikes to cool inflation新2足球贴士网(www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。
TOKYO: Several Asian central banks must raise interest rates rapidly, because inflationary pressures are rising due to a global surge in food and fuel costs caused by the war in Ukraine, said a senior International Monetary Fund (IMF) official.
"Asia's growing inflation pressures remain more moderate compared with other regions, but price increases in many countries have been moving above central bank targets," Krishna Srinivasan, director of the IMF's Asia and Pacific Department, wrote in a blog published on Thursday.
"Several economies will need to raise rates rapidly as inflation is broadening to core prices, which exclude the more volatile food and energy categories, to prevent an upward spiral of inflation expectations and wages that would later require larger hikes to address if left unchecked," he said.
Most emerging Asian economies had experienced capital outflows comparable to those in 2013, when global bond yields spiked on hints by the U.S. Federal Reserve that it might taper bond buying sooner than expected, Srinivasan said.
,,皇冠买球网址(www.hg108.vip)是皇冠体育官网线上直营平台。皇冠买球网址面向亚太地区招募代理,开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。皇冠买球网址可下载皇冠官方APP,皇冠APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。
Outflows had been especially large for India, which had seen $23 billion move out since Russia's invasion of Ukraine, he wrote. Outflows had also been seen in such economies as South Korea and Taiwan.
Tightening monetary conditions would strain already worsening finances in some Asian economies, and limit the scope for policymakers to cushion the economic blow from the pandemic with fiscal spending.
Asia's share of total global debt had increased from 25% before the global financial crisis to 38% post-COVID, raising the region's susceptibility to changes in global financial conditions, Srinivasan said.
Some Asian countries might need to tap measures such as foreign exchange interventions and capital controls to combat any sharp outflow of funds, he added.- Reuters
评论列表 (1条)
2023-02-10 00:00:14
UN MEMBER states ended two weeks of negotiations yesterday without a treaty to protect biodiversity in the high seas, an agreement that would have addressed growing environmental and economic challenges.看坐过站了,哈哈